Bitcoin Rejection at $87K Sets Stage for Support Test

Bitcoin's recent price action has left investors wondering about its next move. After rejecting the $87,000 mark, Bitcoin is trading around $84,280, with immediate support at $79,500 and lower supports at $70,500, $67,200, and $63,000.

The four-hour structure of BTC remains constructive, but buyers need a clean reclaim above $87,000 to confirm renewed bullish control. Otherwise, consolidation risks deeper pullbacks.

Analyst That Martini Guy described the pullback as a breather following a strong advance from the mid-$70,000s. He identified $87,000 as the main resistance level.